EURUSD

Possible double bottom 5mins.

This will be a quick long trade. Retest 1.23

Daily chart also shows that this may be due for a reversal.

Possible retracement to 1.25 by Friday then short again.

This one? Thanks

I just want to remind everyone that this isn't the first time the EU took a dive, and remember it did bounce back. Sure this is the first time that we have countries facing default, but it's always one type of crisi or another. See the drop in the attached chart, I don't know what the crisis was back then, but I am sure the chatter on the box was the same then also. The possibility of eu collapsing, and then the eu free fell to it's lowest point, then bam rose to it's highest. Until we addres corporate greed, it will be the same rollercoaster all over again.

P.S the eu is still strong compared to the last 10 years!

National Bank of Ukraine OBLIGATE operators to BUY Euro.....

Muhaha!!!



wow

pound dollar trade I spoke on should be smiling right about now!

I see a BEOB, a continuation bar, bearish one

i got caught up in this move. we had a wedge on the 4hr yesterday forming. i hoped we we hit .. 2133 before it reversed. any way we did jump back in it.. and it may block 2133.. before resuming

another unkown

one of many.. one has a sl just a few pips above the high

Press release: treasurys rally on report germany to ban short selling. this is what i heard

Oanda is down for me again.

just woke up and seen i got about 200 pips from a pending order which activited since 2349

the same

Germany announces naked short-selling ban

* German's ban may encourage more bearish bets on euro (Adds comment, details. updates prices)

NEW YORK, May 18 (Reuters) - The euro tumbled on Tuesday to a fresh four-year low against the dollar on speculation Germany's ban on naked short-selling of some securities would encourage more traders to bet against the 16-nation currency.

Analysts said Germany's move did little to resolve Europe's debt crisis, and would simply channel more investors to express bearish views on the euro zone through its currency, now that there are restrictions on certain types of short sales of stocks and bonds.

The German government plans to ban naked short-selling from midnight in the shares the country's 10 most important financial institutions. The ban will also apply to euro government bonds and credit default swaps (CDS) based on those bonds. For details, see [ID:nN18512882].

"Germany decided it was going to ban naked short selling. So if you want to express your view but can't sell European equities or bonds, your only choice is to sell the currency and take your money elsewhere," said Michael Woolfolk, senior currency strategist at BNY Mellon in New York.

In late New York trading, the euro was down 1.5 percent at $1.2213 , after earlier dropping as low as $1.2161 on electronic trading platform EBS, the weakest level since April 2006. Traders expect it to fall to $1.18 in the near term.

Worries about debt troubles in weaker euro zone economies and the long-term economic impact of austerity measures that their governments are planning have weighed heavily on the single currency. Since the beginning of the year, it has lost almost 15 percent versus the greenback.

Euro/dollar one-month risk reversals , which show a bias for puts, increased to -2.6125 on Tuesday from about -2.4 at midday, according to GFI data. On Monday, euro risk reversals surged to -3.90, showing the most bearish sentiment on the euro since GFI made options data available to Reuters in early 2007.

Euro/dollar one-month vols , meanwhile, surged as well to 15.25 from about 13.77 percent earlier in the session. On Monday, it closed at 15 percent.

"Today's decision will simply channel more investors and speculators to express a negative view in the currency ... unlimited euro downside ahead," said David Gilmore, a partner at FX Analytics in Essex, Connecticut.

Against the yen, the euro fell 1.7 percent to 112.76 . The dollar dropped 0.3 percent to 92.32 yen .

The ICE Futures U.S. dollar index , which tracks the greenback versus a basket of currencies, rose to a 14-month high of 87.357 before easing back to 87.096, up 1 percent on the day.

The dollar and yen both benefited from a rise in risk aversion as U.S. stocks fell on worries that austerity measures in Europe would dent a global economic recovery.

"The announcement in Germany was aimed to limiting intraday market volatility but see the euro extending its declines," said Vassili Serebriakov, senior currency strategist at Wells Fargo in New York. "The proof is always in the markets." (Additional reporting by Steven C. Johnson, Vivianne Rodrigues, Gertrude Chavez-Dreyfuss and Nick Olivari; Editing by Chizu Nomiyama

dude, that trade could be looked back and written about in a book. lol, seriously though man..could be the best trade ever...6-7000 pips...

I for one should have listened when you said hang on..I've learned though

Im still connected with full signal but its like they just closed. Better take note of all your positions.

In @ 8760 here..

you have to take the strength of the decline into consideration.

Oanda lets me change my stop loss but no price feed...just flatlining!

You're right Oanda is down.